South Dakota Officer Long Term Incentive Compensation Plan for Southern California Edison Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-18-266C
• Format: Word; Rich Text

Description

18-266C 18-266C . . . Officer Long Term Incentive Compensation Plan under which compensation committee can grant (i) stock appreciation equivalents (hypothetical stock "units" which are granted to participant and upon which value of any incentive award is calculated), (ii) dividend equivalents (which represent value of dividends per share paid by corporation, calculated upon stock or stock units held by participant and which, if objectives set by committee are met, are paid to participant), (iii) Non-qualified Stock Options, (iv) incentive stock options, (v) restricted stock, (vi) stock appreciation rights, and (vii) performance awards The South Dakota Officer Long-Term Incentive Compensation Plan for Southern California Edison Co. is a comprehensive rewards program designed to incentivize and retain high-performing officers. This plan aims to align the long-term goals of the company with the individual objectives of its talented workforce in South Dakota. By offering attractive incentives, Southern California Edison Co. ensures that officers remain dedicated to driving the company's growth and success. The South Dakota Officer Long-Term Incentive Compensation Plan consists of various components that cater to the specific needs and requirements of officers. The plan incorporates competitive market practices and comprises multiple types of incentives. These include: 1. Performance-Based Stock Options: One type of incentive offered under this plan is performance-based stock options. Officers are granted the opportunity to purchase company stock at a predetermined strike price, which is usually set at a discount to the market price. The number of options and the vesting period are typically tied to predetermined performance metrics or goals. 2. Restricted Stock Units (RSS): Another component of the South Dakota Officer Long-Term Incentive Compensation Plan is the allocation of restricted stock units. RSS grant officers the right to receive company stock after a specified vesting period. The number of RSS granted may depend on the individual's position, performance, and overall contribution to Southern California Edison Co. 3. Performance Shares: Performance shares are another form of incentive included in the plan. These shares are awarded to officers based on the achievement of specific performance targets, such as earnings per share growth or operational goals. The number of performance shares received is linked to the company's performance relative to predetermined benchmarks. 4. Cash Bonuses: In addition to equity-based incentives, the South Dakota Officer Long-Term Incentive Compensation Plan may also include cash bonuses. These bonuses are awarded to officers based on various performance metrics and can serve as an immediate reward for exceptional contributions. 5. Retention Bonuses: To further ensure officer retention, Southern California Edison Co. may offer retention bonuses as part of this plan. These bonuses are paid out at agreed-upon milestones or over a specified period, encouraging officers to remain with the company and continue driving its long-term growth. It is important to note that the specific details of the South Dakota Officer Long-Term Incentive Compensation Plan for Southern California Edison Co. may vary based on individual officer agreements, company performance, and market conditions. The plan is designed to motivate, reward, and retain officers in South Dakota, thereby fostering their commitment to the company's long-term success.

The South Dakota Officer Long-Term Incentive Compensation Plan for Southern California Edison Co. is a comprehensive rewards program designed to incentivize and retain high-performing officers. This plan aims to align the long-term goals of the company with the individual objectives of its talented workforce in South Dakota. By offering attractive incentives, Southern California Edison Co. ensures that officers remain dedicated to driving the company's growth and success. The South Dakota Officer Long-Term Incentive Compensation Plan consists of various components that cater to the specific needs and requirements of officers. The plan incorporates competitive market practices and comprises multiple types of incentives. These include: 1. Performance-Based Stock Options: One type of incentive offered under this plan is performance-based stock options. Officers are granted the opportunity to purchase company stock at a predetermined strike price, which is usually set at a discount to the market price. The number of options and the vesting period are typically tied to predetermined performance metrics or goals. 2. Restricted Stock Units (RSS): Another component of the South Dakota Officer Long-Term Incentive Compensation Plan is the allocation of restricted stock units. RSS grant officers the right to receive company stock after a specified vesting period. The number of RSS granted may depend on the individual's position, performance, and overall contribution to Southern California Edison Co. 3. Performance Shares: Performance shares are another form of incentive included in the plan. These shares are awarded to officers based on the achievement of specific performance targets, such as earnings per share growth or operational goals. The number of performance shares received is linked to the company's performance relative to predetermined benchmarks. 4. Cash Bonuses: In addition to equity-based incentives, the South Dakota Officer Long-Term Incentive Compensation Plan may also include cash bonuses. These bonuses are awarded to officers based on various performance metrics and can serve as an immediate reward for exceptional contributions. 5. Retention Bonuses: To further ensure officer retention, Southern California Edison Co. may offer retention bonuses as part of this plan. These bonuses are paid out at agreed-upon milestones or over a specified period, encouraging officers to remain with the company and continue driving its long-term growth. It is important to note that the specific details of the South Dakota Officer Long-Term Incentive Compensation Plan for Southern California Edison Co. may vary based on individual officer agreements, company performance, and market conditions. The plan is designed to motivate, reward, and retain officers in South Dakota, thereby fostering their commitment to the company's long-term success.